Hungary's PM stands by 250-260 forint rate for ERM

Hungary's prime minister Peter Medgyessy has said the central bank and finance ministry are jointly working towards a target of HUF 250-260 to the euro as an appropriate rate to enter the euro.

Source: Interfax-Europe

The government and the central bank have common and ambitious goals concerning the introduction of the euro, and the economic policy helping to achieve that goal was passed by parliament last week when the cornerstone figures of next year's fiscal budget were approved, prime

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